Business Bank Accounts

  • Help your company grow by choosing the right business bank account to suit your business needs.
  • Whether you're looking for your first business bank account or want to switch from your current provider.
  • Compare the UK's top business bank accounts from the high street bank to alternative options.
Promotion
HSBC - Start-up Business Account
MORE INFO
  • Free banking for 18 months
  • 12 months fixed price period of £5.50 per month
  • Choice of two tariffs to suit the way you bank
  • Business internet banking for real-time balances

Compare business accounts for start ups

  • Maximum Interest (AER)
    0%
  • Free Banking Duration
    Free for 18 months*
  • Account Fee
    From £5.50 per month thereafter
  • Overdraft Facility
  • Product Features
    • *Free banking for 18 months is available If you're a start-up, your projected turnover is up to £500k, and you trade solely in the UK.
    • Business internet banking for real-time balances
    • Business mobile banking to view balances and make payments on the move
    • Business Specialists available in branches across the UK to talk in detail about how we can meet your needs
    • Tools and articles in our online Knowledge Centre to help you grow your business
    • Guidance from our International Support Centre on how to start trading overseas
    • Face-to-face or online Business Review to identify opportunities and help you achieve your goals
    • *Subject to status and applicable terms and conditions
    Visit HSBC for more information about this product
    See Deal
  • Maximum Interest (AER)
    0%
  • Free Banking Duration
    None
  • Account Fee
    Free for first year
  • Overdraft Facility
  • Exclusive Know Your Money offer - no annual fee for the first year
  • Product Features
    • Limited time offer: no annual fee for the first year. And just £69 per year thereafter
    • Free to receive bank transfers
    • Pay in cash at the Post Office & Retail partners, with the first £1k per month free, then 0.25% fee afterwards
    • UK Call Centre, Online Banking & Mobile App
    • No credit check or interview - apply instantly online
    • Accounts typically opened within 5 minutes of application
    Visit Cashplus for more information about this product
    See Deal
  • Maximum Interest (AER)
    0%
  • Free Banking Duration
    None
  • Account Fee
    Free
  • Overdraft Facility
  • 100% transparent - 20p per bank transfer and £1 per ATM withdrawal
  • Product Features
    • No monthly fees - free forever
    • Sign-up in 5 minutes - get a sort code and account number instantly
    • 100% transparent - 20p per bank transfer and £1 per ATM withdrawal
    • Tide Mastercard - get free purchases at home and abroad with the real exchange rate
    • Automate your financial admin with Tide's inbuilt tools
    Visit Tide for more information about this product
    See Deal
  • Maximum Interest (AER)
    0%
  • Free Banking Duration
    Free for 25 months*
  • Account Fee
    £5 per month thereafter
  • Overdraft Facility
  • Product Features
    • Direct contact - with someone who understands your type of business
    • Flexible solutions - a range of financial management solutions to choose from
    • Specialist support - tools and guidance available
    • *Offer applies to Start Ups opening first account within 12 months of beginning trading. No charges applies to cash or cheque deposits and withdrawals, Direct Debits or other automated transactions.
    Visit Yorkshire Bank for more information about this product
    See Deal
  • Maximum Interest (AER)
    0%
  • Free Banking Duration
    Free for 25 months*
  • Account Fee
    £5 per month thereafter
  • Overdraft Facility
  • Product Features
    • Direct contact - with someone who understands your type of business
    • Flexible solutions - a range of financial management solutions to choose from
    • Specialist support - tools and guidance available
    • *Offer applies to Start Ups opening first account within 12 months of beginning trading. No charges applies to cash or cheque deposits and withdrawals, Direct Debits or other automated transactions.
    Visit Clydesdale Bank for more information about this product
    See Deal
  • Maximum Interest (AER)
    0.10%
  • Free Banking Duration
    Free for 12 or 18 months
  • Account Fee
    £7.50 per month thereafter
  • Overdraft Facility
  • Product Features
    • 12 months free day-to-day business banking, or 18 months free if you are, or become, a 1|2|3 World or Santander Select customer (see provider site for eligibility). After this free business banking period, you'll move to our £7.50 per month tariff.

      This account is for small-to-medium sized businesses with up to two directors, owners (shareholders) or partners, trading less than 12 months and opening its first Santander Business Current Account.

      The tariff does not include non-standard transactions such as change-giving, CHAPS payments and foreign currency transactions.

      Plus benefit from Online and Mobile Banking, free text message and email alerts on your account and online business support and sector guides.
    Visit Santander for more information about this product
    See Deal
  • Maximum Interest (AER)
    0%
  • Free Banking Duration
    None
  • Account Fee
    From £12.50 per month
  • Overdraft Facility
  • Product Features
    • No credit checks and no branch visits
    • Free text alerts each time money is paid in and confirming bills are paid
    • No bounced payment charges
    • Most accounts opened within 3 hours of application
    • Account fee - £12.50 per month plus £55 application fee (refundable if application is not successful)
    Visit CardOneBanking for more information about this product
    See Deal

Compare business accounts for switchers

  • Maximum Interest (AER)
    0%
  • Free Banking Duration
    Free for 12 months*
  • Account Fee
    From £5.50 per month thereafter
  • Overdraft Facility
  • Product Features
    • *Free banking for 12 months is available for businesses trading solely in the UK, with an annual turnover not exceeding £500,000.
    • Switch to HSBC in just 7 days
    • Business internet banking for real-time balances
    • Business mobile banking to view balances and make payments on the move
    • Business Specialists available in branches across the UK to talk in detail about how we can meet your needs
    • Tools and articles in our online Knowledge Centre to help you grow your business
    • Guidance from our International Support Centre on how to start trading overseas
    • Face-to-face or online Business Review to identify opportunities and help you achieve your goals
    • *Subject to status and applicable terms and conditions.
    Visit HSBC for more information about this product
    See Deal
  • Maximum Interest (AER)
    0%
  • Free Banking Duration
    None
  • Account Fee
    Free
  • Overdraft Facility
  • 100% transparent - 20p per bank transfer and £1 per ATM withdrawal
  • Product Features
    • No monthly fees - free forever
    • Sign-up in 5 minutes - get a sort code and account number instantly
    • 100% transparent - 20p per bank transfer and £1 per ATM withdrawal
    • Tide Mastercard - get free purchases at home and abroad with the real exchange rate
    • Easy bookkeeping with automatic categorisation of your transactions
    • Pay and send invoices straight from Tide
    Visit Tide for more information about this product
    See Deal
  • Maximum Interest (AER)
    0%
  • Free Banking Duration
    None
  • Account Fee
    Free for first year
  • Overdraft Facility
  • Exclusive Know Your Money offer - no annual fee for the first year
  • Product Features
    • Limited time offer: no annual fee for the first year. And just £69 per year thereafter
    • Free to receive bank transfers
    • Pay in cash at the Post Office & Retail partners, with the first £1k per month free, then 0.25% fee afterwards
    • UK Call Centre, Online Banking & Mobile App
    • No credit check or interview - apply instantly online
    • Accounts typically opened within 5 minutes of application
    Visit Cashplus for more information about this product
    See Deal
  • Maximum Interest (AER)
    0%
  • Free Banking Duration
    Free for 25 months*
  • Account Fee
    £5 per month thereafter
  • Overdraft Facility
  • Product Features
    • Direct contact - with someone who understands your type of business
    • Flexible solutions - a range of financial management solutions to choose from
    • Specialist support - tools and guidance available
    • *Offer applies to new Small Business Banking customers with a turnover of less that £2 million switching their main business current account. No charges applies to cash or cheque deposits and withdrawals, Direct Debits or other automated transactions for 25 months.
    Visit Yorkshire Bank for more information about this product
    See Deal
  • Maximum Interest (AER)
    0%
  • Free Banking Duration
    Free for 25 months*
  • Account Fee
    £5 per month thereafter
  • Overdraft Facility
  • Product Features
    • Direct contact - with someone who understands your type of business
    • Flexible solutions - a range of financial management solutions to choose from
    • Specialist support - tools and guidance available
    • *Offer applies to new Small Business Banking customers with a turnover of less that £2 million switching their main business current account. No charges applies to cash or cheque deposits and withdrawals, Direct Debits or other automated transactions.
    Visit Clydesdale Bank for more information about this product
    See Deal
  • Maximum Interest (AER)
    0.10%
  • Free Banking Duration
    None
  • Account Fee
    from £7.50
  • Overdraft Facility
  • Product Features
    • If you have a small to medium sized business with up to two directors, owners (shareholders) or partners, you could be eligible for our Business Current Account.

      There are 4 tariffs based on your monthly cash deposits:
      £7.50 a month for a cash deposit limit of up to £1,000 a month, then 50p per £100
      £12.50 a month for a cash deposit limit of up to £3,000 a month, then 50p per £100
      £20.00 a month for a cash deposit limit of up to £5,000 a month, then 50p per £100
      £40.00 a month for a cash deposit limit of up to £10,000 a month, then 50p per £100
      All tariffs include day-to-day banking such as depositing and issuing cheques, Direct Debits and standing orders, bill payments and debit card payments.

        Use our calculator to see how much you could save when you switch to Santander.

      The tariff does not include non-standard transactions such as change-giving, CHAPS payments and foreign currency transactions.

      Plus benefit from Online and Mobile Banking, free text message and email alerts on your account and online business support and sector guides.
    Visit Santander for more information about this product
    See Deal
  • Maximum Interest (AER)
    0%
  • Free Banking Duration
    None
  • Account Fee
    From £12.50 per month
  • Overdraft Facility
  • Product Features
    • No credit checks and no branch visits
    • Free text alerts each time money is paid in and confirming bills are paid
    • No bounced payment charges
    • Most accounts opened within 3 hours of application
    • Account fee - £12.50 per month plus £55 application fee (refundable if application is not successful)
    Visit CardOneBanking for more information about this product
    See Deal

Compare business accounts for no credit checks

  • Maximum Interest (AER)
    0%
  • Free Banking Duration
    None
  • Account Fee
    Free for first year
  • Overdraft Facility
  • Exclusive Know Your Money offer - no annual fee for the first year
  • Product Features
    • Limited time offer: no annual fee for the first year. And just £69 per year thereafter
    • Free to receive bank transfers
    • Pay in cash at the Post Office & Retail partners, with the first £1k per month free, then 0.25% fee afterwards
    • UK Call Centre, Online Banking & Mobile App
    • No credit check or interview - apply instantly online
    • Accounts typically opened within 5 minutes of application
    Visit Cashplus for more information about this product
    See Deal
  • Maximum Interest (AER)
    0%
  • Free Banking Duration
    None
  • Account Fee
    Free (transaction fees apply)
  • Overdraft Facility
  • Product Features
    • No monthly fees - free forever
    • No credit checks - no impact to your credit score
    • 99% acceptance rate for UK-based registered companies and sole traders
    • Sign-up takes 5 minutes - get a sort code and account number instantly
    • 100% transparent - 20p per bank transfer and £1 per ATM withdrawal
    • Tide Mastercard - get free purchases at home and abroad with the real exchange rate
    Visit Tide for more information about this product
    See Deal
  • Maximum Interest (AER)
    0%
  • Free Banking Duration
    None
  • Account Fee
    From £12.50 per month
  • Overdraft Facility
  • Product Features
    • No credit checks and no branch visits
    • Free text alerts each time money is paid in and confirming bills are paid
    • No bounced payment charges
    • Most accounts opened within 3 hours of application
    • Account fee - £12.50 per month plus £55 application fee (refundable if application is not successful)
    Visit CardOneBanking for more information about this product
    See Deal
Our comparison service features a selection of providers from whom we receive commission. This table is initially ordered according to our commercial arrangements.

More about business current accounts

If you run your own business, you could probably benefit from opening a specialist, dedicated current account for your company. Offered through all of the usual banks and building societies such as Barclays, Lloyds, Natwest, Santander and more along with specialist providers, business bank accounts offer debit cards, overdraft facilities, cheque books and automated payments such as direct debits and standing orders, just like a personal account does.

Over and above this, a business bank account usually offers a range of additional benefits. These can include change facilities, the option of a much higher overdraft, access to business guides and training materials, the use of communal meeting rooms and business-class travel facilities, foreign exchange rate discounts, fast international payments and insurance.

Although there is no legal obligation for companies to hold an actual business bank account, it is vital that the business's monetary affairs are kept separate from personal ones. However, if you are a start-up company or you work as a sole trader and do not think you need any of the additional benefits that a business account offers, a separate personal account will suffice.

Anybody that runs a company of any size is usually eligible to apply for a business bank account, though credit rating restrictions will apply. Some banks provide different accounts depending on the size or type of the business.

The most basic business banking accounts are free. For anything more complicated you'll pay either a flat monthly fee, pay-as-you-go by the transaction or a mixture of both.

Click here to find out more about business bank accounts with Know Your Money's guide.

Helpful links for current account issues

Financial Conduct Authority (FCA) - The UK financial regulator's website features lots of useful information for banking customers covering everything from knowing your rights to how to stop unauthorised payments.

Financial Service Compensation Scheme (FSCS) - The FSCS is the best place to find out if your bank is covered by the compensation scheme and for advice on making a claim.

Financial Ombudsman Service - If you've complained to your bank and are still having ongoing problems then the Financial Ombudsman is the next step - their website covers everything you need to know about making a complaint.

Money Advice Service - The government's Money Advice Service provides unbiased advice on choosing, opening and managing a current account.